the economy. it s also going to weigh on hiring and inflation, and the fed acknowledges that the extent of the banking crisis is uncertain. but the fed is making clear through today s move that they are definitely focused right now, despite all the banking pressure on getting inflation down. kind of outlined a little bit what the fed was saying more broadly about its economic projections there. is there anything else you want to kind of expand on there that people should know at home? well, the yeah, so that the fed also changed its assessment on the economy somewhat up there, making clear that the economy still running hotter than they wanted to. they say that job gains have quote picked up in recent months. they re also getting more pessimistic. in some ways on the inflation outlook. they took out a line that previously said inflation has eased. they say inflation remains elevated. the fed also issued new projections on where they see the economy going. and importantly, the fed didn
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not clear that even the regulations that the u.s. put in through financial reform will be enough to dot trick. lobbyists are swarming washington it keep regulators off some of the pledges made in that legislation, fighting for much lower levels of capital, and the same high level of leverage that led to the kind of casino gambling that led to the bust in the first place. do you have any hope that we will put in can washington with stand the banking pressure to make sure this doesn t happen again? well, it is really an interesting debate going on right now. one theng i think we have to have v some balance in. i think we need harmonizing with europe as well in particular. making sure the laws we are putting in place are done worldwide. you know, we don t want to see the casino shift from the united states it another part of the world that is less regulated than we are. i think it is about balance between the two. i think ultimately we will get there. i think working with the european